Dusseldorf After yesterday’s price slide, the leading German index is again showing signs of recovery. The Dax rose by 0.5 percent to 15,802 points in the first hour of trading,
Investors should check off yesterday’s trading day quickly. After a new annual high of 16,011 points, the leading index slipped over 300 points and closed at 15,727 points, a drop of 1.2 percent or the equivalent of 195 points.
The positive thing about trading on Tuesday: The short-term resistance range between 15,700 and 15,600 points has now been successfully tested for the fourth time and thus remains intact. Martin Utschneider, technical analyst at private bank Donner & Reuschel, sticks to his medium-term price target of 16,600 points.
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